On Thursday, Shares of Ford Motor Co. (NYSE:F), surged 1.40% to $15.22.
Ford Motor Company is expanding its commitment in New England by launching a new philanthropic initiative with local dealers that will comprise $2 million to fight hunger across the region.
Ford Motor Company Fund, the charitable arm of Ford Motor Company, will provide support, counting vehicles, to 10 food banks in Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont over five years. Ford is working with Feeding America®, the nation’s leading domestic hunger-relief organization, in connection with its outreach in New England.
“More than 12 percent of those living in the New England area lack reliable access to the food and nutrition needed to thrive,” said Jim Vella, president, Ford Motor Company Fund and Community Services. “As part of our commitment to the communities we serve, we are stepping up our efforts in the fight against hunger.”
Vella made the declaration at an event with local dealers, community leaders, and food bank representatives where Ford delivered the keys to a new Ford Transit van to The Greater Boston Food Bank (GBFB). GBFB will use the van to assist deliver food to individuals facing hunger in eastern Massachusetts, becoming part of a national network of Ford Transits the company launched six years ago to meet hunger needs.
Ford’s expanded investments in the New England region are part of Ford Fund’s Operation Better World initiative. Launched in 2008, the Operation Better World framework enables the Ford Fund, Ford dealers and other groups to collaborate on a planned approach to philanthropy and more effectively meet community needs. Counting New England, the Ford Fund has launched Operation Better World programs in 25 cities and regions around the U.S.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of General Motors Company (NYSE:GM), declined -0.03% to $33.32.
General Motors Company’s shares are trading 9.58% above their 50-day moving average, and -0.46% below their 200-day moving average. The stock recently closed at market price of $33.32 with a 1 year price target of $39.53. It is up 16.76% over 12 months and trades at 6.53 times forward earnings.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
